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प्रश्न
Explain clearly tour ways by which the state can promote economic growth and development.
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उत्तर
Role of State in Economic Development:
- The provision of economic infrastructure is mainly the government's responsibility, which is essential for economic development.
- Capital formation is an essential condition for economic development. The state can use its fiscal and monetary policy to generate resources for capital formation. In our country, public sector investment in industries and expenditure on infrastructure has led to huge capital formation.
- Basic and heavy goods industries require huge investment and have a long gestation period. The private sector is reluctant to invest in the development of these industries, but our government has established such industries.
- Economic development in India would be incomplete without agricultural development. The government can promote agricultural development by providing various facilities and incentives to the agricultural sector.
संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Fiscal policy means public expenditure and tax policy of the government.
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Define fiscal policy.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Define a degressive tax.
What is meant by regressive taxation?
Give an example of Indirect tax.
Explain the term Incidence of a tax.
Citing reasons state the superiority of Progressive tax over regressive tax.
